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11.18.2008 9:05 am

InBev closes A-B deal, without the director to be named later

St. Louis Post-Dispatch
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After months of angst, the acquisition of Anheuser-Busch by InBev is now history. There’s one slight change, though, from the original announcement. In July, InBev said it would add August Busch IV to its board along with one other “current or former” A-B director.

Today, InBev shrank that commitment by one. Its news release says:

The Board of Directors of the combined company will be comprised of the existing directors of the InBev Board and former Anheuser-Busch President and CEO August A. Busch IV.

 

More than likely, as we’ve discussed before, InBev was saving a board seat for Grupo Modelo Chief Executive Carlos Fernandez, who resigned from A-B’s board this summer. Relations between Fernandez and InBev chief Carlos Brito seem to be icy at the moment, since Modelo has filed an arbitration case over the deal.

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5 comments

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Be ready for other shrinking commitments to follow.

— Chuck
11:43 am November 18th, 2008

The second spot was obviously for Fernandez, but he’s not playing nice. I doubt they’ll open it back up unless Modelo rolls over.

— cjstl
12:54 pm November 18th, 2008

This sale has been coming for a long time. It’s just no one has been paying attention to it.
Take a look around the country and see how many members of the Busch family or former C.E.O.’s and their family members have been given distributorships in anticipation of a sale.
Start with the Maris family distributorship in Florida being taken away
and Busch family members running it now, Krey in St. Peters, Mo. now run by a family member, Grey Eagle in St. Louis county run by Patrick Stokes son, and more.

— BEKOZOFU
3:55 am November 19th, 2008

The distrbutors will be seeing a lot smaller profits. A-B tells the distributors what they are ordering, what they are selling, what the are paying, what the retail price is and how much profit they will make. Higher prices to to distributors but not to retailers. There are (I believe) 9 WODs (Whole Owned Distributorships: owned by A-B) that I can see getting awarded/sold to some of the top-dogs that just got released…

— jim63129
9:48 am November 19th, 2008

Again Greed is the winner! St. Louis is the loser in this dasterly deed. Former A&B consumer. I am Searching for a local microbrewed beer. This Bud is no longer for me. Again Greed is the dirty deed!

— cinza
12:55 pm November 22nd, 2008